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Income Tax - Highlights / Catch Notes

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Addition u/s 68 - why a person will purchase the shares of the ...


Section 68 Additions Upheld: Unusual Share Premiums in Assessee Company Questioned Due to Lack of Expected Returns.

June 3, 2017

Case Laws     Income Tax     AT

Addition u/s 68 - why a person will purchase the shares of the assessee company at such a huge premium, more so, when there is no payment of any dividend, etc.? - No prudent investor will park his funds at such a high premium without the expected return commensurate with the investment - Additions confirmed - AT

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